Nvidia fell nearly 3% in after-hours trade despite beating Q2 earnings and revenue, as data center sales missed forecasts and no H20 chip shipments went to China. The decline dragged on AMD, Broadcom, and TSMC, though analysts noted AI-driven momentum remains intact and dips may attract buyers.

In commodities, WTI crude slipped to $63.8 per barrel after a 1% rise the day before. EIA data showed a 2.39M-barrel draw in U.S. crude inventories, alongside declines at Cushing and in refined products, underscoring strong demand. Still, analysts warned consumption typically cools after Labor Day.

Asian markets traded mixed. Japan’s 10-year yield held near a 17-year high, with investors awaiting inflation, retail sales, and output data for policy cues. 

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